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Search Results 0 to 49 of about 164 (some duplicates have been removed)
FOX Business
Feb 23, 2013 12:00am EST
raise taxes, you are going to cut that -- those people who are bringing prosperity to the economy. >> is this short -- >> it will ultimately work out if the economy can get by with the back to normal payroll tax. this could juice it back around. there's no perfect plan the government can do, but it's possible this payroll tax cut could be lowered in the recession and raisedded in boom times to make up for the cut. wwn time. >> we did. happy friday, everyone. adam: i'm in for melanee stubbs. -- melissa francis. both sides red gi to let it happen, all hope is not lost. david walker, former u.s. comptroller says there's a possible fix, and he joins us to explain his plan. plus, prepare yourself for a meat shortage. forget soaring prices, the cuts could bring the beef industry to a halt. steak lovers get used to eating tofu. an expert is here to tell us why. close up for the oscars, but commercials, as you and i know them, could take a final bow. a breakthrough in the industry allows advertisers to control what you see in realtime. we could watch the same oscars, but very different co
FOX Business
Feb 22, 2013 5:00pm EST
that just for day-to-day living seems to me this is a bad sign. >> sure. it's a sign that the economy is still weak and that any policies that take money out of the hands of the middle class and that lee deuce their disposable income is going to have a negative impact on the economy, and it comes as an opportune time for policymakers in washington as they contemplate the sequester cuts which currently constituted hits the middle class hard, further weakens the economy. it's the wrong thing to do right now. what we should do is alternate ways. adam: alternate, i got to ask you, it's a perfect storm of bad news. about to cut, the sequester cuts in government spending, people lose jobs, less money out there. they can't cut taxes again or can they and should they? >> what we need to do right now is think about alternatives to the sequester cuts and the solution, i think, is for republicans in congress to recognize that tax breaks and other spending programs in the tax code are the equivalent of government spending program, and if they encyst on cutting government and reducing the size of
CNBC
Feb 20, 2013 1:00pm EST
or j.p. morgan and other billing banks drive our economy off after cliff again, well all pay the price. >> i guess would he argue he is one of the people this who wasn't driving the economy off the cliff at one of the worst moments so maybe he deserves more credit. let me ask you, they have a lead director. you're not satisfied with that? >> no. none of the shareholders are in the board room. and jamie dimon is the chair. he sit at the head of the table, i would think, or whatever the chair sits. he is running that meeting. >> you know, jamie dimon is in charge of the board setting his compensation. >> when you argue with goldman sachs about the issue, they bow to pressure from your organization and put in a lead director and you seem satisfied with that at the time. so why isn't that satisfied by j.p. morgan? >> we were satisfied as an interim measure and we need the large financial institutions that wrecked our economy to do better. >> are you going to continue with j.p. morgan or -- >> there are other share holders who have taken up that mantle this year. >> do you have any empirica
FOX Business
Feb 15, 2013 7:00pm EST
now to up tell us where these markets and the economy is headed, well, we will be talking with and welcome to our own rick adonis, senior u.s. economist for deutsche bank security. good to have you here. your year. i mean, we have people walking around with long faces. all parts of the country because they're unemployed. the economy is contracting. and they just don't understand how nice it is to be on wall street. >> well, it is chilly down on wall street. i assure you. but we are seeing some positive signs in the economy. so, yes of the fourth quarter did not look so great. the best top-level gdp number. but when you look beneath the surface we see some important undercurrents. does green shoots cut consumer spending. lou: seeing that come back. >> consumer spending is picking up. the investment which had been contracting. nav is picking up again. the housing market is picking up. but the domestic economy looks decent. it needs time to run until that an employer rate is down, but it increasingly looks like we are building some momentum. lou: you know, i really am. and i
CNBC
Feb 20, 2013 4:00pm EST
, is the economy strong enough, corporations strong enough to stand on their own? fed is not going to pull the plug hon this any time soon, but the noises are out there. it's already spooky the market. once the fed is no longer juicing up this market, is there enough out there that's strong enough to keep it going? >> i really don't think that the fed is going to take any chances with what is so far a very tentative recovery. they know we'll already have quite a bit of fiscal tightening in 2013. we've got the sequestration that's almost certain to take effect, already had some pretty big tax increases. i can't see bernanke and janet yellin taking a risk with a premature taking away of the punch bowl but policy change in the rate overseas. europe and japan are looking much better i think in terms of the change in policy than the u.s., and i think the outperformance that we saw in the last part of last year can take hold again this year. >> yeah. allen gale, are you paid to put money to work, got to put some money to work or even if this market is going to see a correction of some kind. where would y
FOX Business
Feb 18, 2013 5:00pm EST
surrounding the economy, dow jones has one of the best january in years. if the dow has a great january, oil prices likely will follow. that is what we're seeing. gasoline prices following. not only that, refineries haven't necessarily switched over to summer blend of gasoline but are preparing to do so for the all-out production will bring, not only that, a job in that as well. sandra: i want to challenge you one thing. he said gasoline prices will track the price of oil, but let's throw out the price of oil and gasoline this year. oil prices up year-to-date 4.1% while gasoline prices are up three times that, more than 14%. so gasoline prices are way outpacing the price of oil. >> that happens from time to time. gasoline prices didn't necessarily go as low as oil prices. this last november. right now a lot of it is a primary bottleneck why prices haven't followed crude oil so closely. we still have that bottleneck in the way causing a spike in gasoline prices, refineries moving production preparing for summer driving season. sandra: the bottom line, oil prices have gone up, we cannot refine
FOX Business
Feb 22, 2013 9:00pm EST
to the economy. >> is this short -- >> it will ultimately work out if the economy can get by with the back to normal payroll tax. this could juice it back around. there's no perfect plan the government can do, but it's possible this payroll tax cut could be lowered in the recession and raisedded in boom times to make up for the cut. b. adam: that's all that time we have. melissa will be back monday. ♪ gerri: hello, everyone. tonight on "the willis report" another unintended consequence of obamacare. now your health insurance may not cover your spouse and more. and starting to get hit by the sales tax. one economi says the designers of the law were all wrong. and, to top tier weekend. we have you covered with the important things like what the stars are going to wear and what is really in those slight bags. "the willis report" is on the case. ♪ gerri: all of that and more coming up later in the show. first, our top story. listen to this. honey, you are uninsured. yet another consequence of obamacare. you can add it to the list. more and more employers planning to drop health coverag
FOX Business
Feb 20, 2013 9:20am EST
this year, we're on track to take what, 60, 70 billion dollars out of the economy. question, why is this happening? former shell oil president john hofmeister, 10:45 this morning. listen to this, not only has colorado legalized recreational use of marijuana, he wants to use pot as a tourist draw, a tourist attraction, if you're over 21, feel free to smoke up. forget amsterdam, hop a flight to denver and light up a joint. we'll have more on this at the top of the hour, including how this could be a boom for lawyers. and i bet a lot of people will try to bring pot home from colorado not allowed and a defense attorney for you, all right. let's get back home, shall we? and so far, a tranquil america, we are 128 points away from the all time high this is, and up next, we will ask a trader if investors really care about spending cuts, sequester, do they care the at all. the opening bell next. [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmissi
CNBC
Feb 21, 2013 6:00am EST
at the pump for the last month. joining us in the next hour, oil man boone pickens. so the economy is at the top of the hour. andrew will get you up to speed on the day's other headlines. >> hedge fund manager david einhorn is taking his apple campaign directly to shareholders. he's going to be hosting a conference call today to argue the merits of distributing hedging preferred stock which, of course, is what this big debate is about. einhorn is battling and seeking an injunction next week to abolish a system for issuing preferred stock. i got a letter overnight from the nation's foundation which has a stake in apple and they are pushing back against david einhorn, something we should probably talk about a little later. >> we will. >> also in the news this morning, boeing is expected to meet with the faa tomorrow and launch a formal plan to get its grounded 787 back into service. the company will be proposing a resign of the dreamliner's batteries. officials say the jets could be back in the air within two months. >>> finally, appear highser bush, inbev want a court to grant a sho
CNN
Feb 19, 2013 8:00am PST
entire economy at risk just to protect a few special interest tax loopholes that benefit the wealthiest individuals and corporations. that's the choice. are you willing to see a bunch of first responders lose their jobs because you want to protect a special interest tax loophole? are you willing to have teachers laid off or kids not have access to head start? or deeper cuts in student loan programs? just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice. that's the question. and this is not an abstraction. there are people who's livelihoods are at stake, there are communities that are going to be impacted in a negative way. and i know that sometimes all this squabbling in washington seems very abstract. and in the abstract, people like the idea, you know, there must be some spending we can cut. there must be some waste out there absolutely is. but this isn't the right way to do it. so my door is open. i put tough cuts and reforms on the table. i am willing to work with anybody to get this job done. none
FOX Business
Feb 16, 2013 5:00am EST
-- and going to remain dysfunctional and that the economy is weak. gerri: a long way to go. i thinkou're absolutely right. those memories are still fresh of losing half of your retirement savings. you don't forget that in a heartbeat. they come up with reasons for delaying retirement. 58 percent said don't have enough savings. outstanding debt and market stability in housing values. and interesting because so much of regular american wealth is tied up in their house. that took a major hit. >> absolutely. gerri: and so when you look at market stability going forward, there seems to be no real place in the stock market that will continue rising even though we have seen a great run. what is amazing is the number of individual investors stayed at of the market despite the fact that we keep seesawing back and forth over the 14,000 level on the dow. >> well, you know, investors have been burned, but nothing the other thing, the reason my retirees are fearful is that interest rates are so low. takes two and a half times more money to generate the same amount of income as it did ten years ago
FOX Business
Feb 22, 2013 6:00pm EST
, i think the leverage that the debt of force china is greatly overstated because their economy is just as dependent on our's as ours is on them. gerri: we are there market for there goods. >> for one party or the other terrorist retaliation economically is a bag of the neighbor policy that i don't think -- gerri: there are still people that think the federal that is our biggest national security issues. tune out? >> i think it is a huge nestle security issue and would like nothing better than for china to say, we're not buying any more of your depth. might force the status of fiscal discipline. you cannot have a strong presence internationally, especially militarily without a strong economy. to the extent that the deficit each year adds to the debt and saps our domestic economy, thus preventing it from recovering, absolutely. gerri: you make a great point. we are looting this report which said that the chinese government is involved in acting and stealing ideas, stealing memos, stealing e-mails, stealing a permission from our federal government, and they even name the unit of t
CNBC
Feb 20, 2013 3:00pm EST
this is a significant threat to the u.s. economy. take a listen. >> we know trade secrets can cripple a company's advantage in foreign markets and put american jobs in jeopardy and that strategy coordinates and improves u.s. government efforts to protect the u.s. economy and supports jobs in the united states. >> guys, that's it from here. they are talking about this very much as a jobs issue. back to you. >> eamon, thank you very much. we'll see you later. heading towards the close. setting lows again for the day right now, mandy. the dow is down 101 points. the markets spooked by the fed minutes that showed in the last meeting fed governors and bank presidents were beginning the discussion of when to pull back on some of the monetary easing that they have been going through for the last several years. >> looking here at the tweet from bill gross. many participants concerned about further asset purchases. >> macy's and j.c. penney duking it out in court over which department has the right to sell martha stewart branded products. find out which retailer's stock you're better off shopping for. >
CNN
Feb 19, 2013 11:00am EST
shrinks the deficit dpaster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs, ewinning how people with the skills required to fill those jobs. making sure their hard work leads to a decent living. those are the things we should be pushing ourselves to think about and work on every single day. that's what american people expect. that's what i'm going to work on every single day to help deliver. so i need everybody who's watches today to understand, we've got a few days, congress can do the right thing, we can avert just one more washington manufactured problem that slows our recovery and bring down our deficits in a balanced with, responsible way. that's my goal, that's what would do right by these first respond irs, that's what would do right by america's middle class. that's what i'm going to be working on and fighting for not just over the next few weeks, but over the next few years. thanks very much, everybody. thank you guys for your service. >> the president speak once again, restates his positio
CSPAN
Feb 21, 2013 10:00am EST
immediately afterwards. -- planned to run it immediately afterwards. this assumption was that the economy would continue to improve or would improve. i think running and losing in 2008 was liberating for him. he found that he could be happy. we kept talking. he wanted to talk about it. we had a busy 2010 client schedule. he finally said, on election day 2010, if you cannot do anything for your client, why don't we meet? ok. we can do that. my partner and i met him. we met him in boston. at his condo. that was when i got a sense that he was intending to run. >> he was serious? and he made the decision? >> yeah. >> covering the white house, he always viewed mitt romney is the face of the republican party. is that unfair? >> no. after the 2008 election, we were thinking about the future. he asked me who i thought the nominee would be in 20 20. i said, mitt romney. i knew we were heading into an economic maelstrom. i spoke earlier to a group about this opposites theory of presidential races. romney and the business background seem like the kind of person who could emerge from that. on electio
FOX News
Feb 21, 2013 6:00pm PST
, ignores an economy that is struggling, remember, it contracted in the last quarter, and it's projected to contract some more in the first and second quarter, ignored 23 million people who are out of work, ignored the fact that unemployment rates are going to go up. ignored 86 trillion dollars in unfunded liabilities. i'm embarrassed about that because the people in office that could do something about it are not doing anything about it. >> herman cain. >> and don't attack rush limbaugh-- >> herman cain you're a successful businessman and you've just made a bottom line argument that i love. if you look back at the last quarter of last year, what do you see? the defense department pulled spending and what happens? the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong e
MSNBC
Feb 20, 2013 9:00am PST
that nobody expected to actually go into effect, it's bad management for the macro economy, for large programs, of course, but that said and the recent notes of the market freaking out, it is not doomsday. we have a tendency in washington of wildly overhyping everything we do. this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that
SFGTV2
Feb 20, 2013 4:00am PST
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
FOX Business
Feb 18, 2013 11:00am EST
the u.s. economy will grow slowly this year as tax increases and spending cuts offset improvements in the private sector. bruce willis is "a good day to die hard" pulled in $25 million. "identity thief" rant and with a close second, 23.4 million. that is the latest from the fox business network. giving you the power to prosper. ♪ customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ dagen: $101.7 billion over the next ten years. the joint committee think this is the cost of a massive new sales tax to pay for obamacare. elizabeth macdonald is here with the bottom line. explain how this is, ultimately, being passed on. >> it is an excise tax or sales tax. look at this number. $7200. health insurers will pass this on. look at this. joint committee and taxation think that health insurers will pass this on. expect it to hit the insurance, basically, consumer in the form of higher premiums. they estimate 2.5% greater cost. we have two congressmen looking
ABC
Feb 19, 2013 7:00am PST
firing on the suburbs. the economy here is devastated. and these shops are empty. there's no tourism. international sanctions are strangling businesses. and there is no end to this war in sight. josh? >> terry, thank you. and he'll be taking an inside look at the battle for damascus and what it means for u.s. national security tonight on "world news" and "nightline." >>> meanwhile, back here at home, new details about a potential motive in the newtown, connecticut, school shooting. gunman adam lanza may have, in fact, been competing with another serial killer. "the hartford courant" newspaper reports authorities found news articleses in lan za's bedroom, about the killing spree in norway, carried out by anders brevik, who bombed buildings at a youth camp, killing 77 people. the investigation is still ongoing. any theory now is purely speculative. >>> and new information on what left the carnival cruise ship stranded in the gulf of mexico last week. forcing 4200 passengers and crew to live on the boot for nearly a week without power and plumbing. the coast guard now blames a leak in a
MSNBC
Feb 22, 2013 3:00am PST
're going to cut everything right now, sequestration. it's going to slow down the economy. you've got democrats -- you've got the president running around because he only knows how to do one thing, ask for higher taxes. he's leading with the taxes. we've got to raise more taxes. it's the rich, it's the corporations, tax, tax, tax. i thought we had this debate before. democrats don't seem to understand that taxing americans dampens the economy, hurts small businesses, hurts a lot of americans. republicans don't seem to understand that massive unfocused cuts right now are going to slow down the economy and hurt americans, too. >> you seriously have to wonder whether anyone in washington, in the house, in the senate, in the white house, in the administration, republican, democrat, do they ever go outdoors? do they ever see what happens every day to ordinary americans? people who have been getting crushed economically for the past 10 or 15 years are now getting crushed again, doubly so. the payroll tax has been eliminated. have you checked out the price of gasoline over the past couple of
FOX News
Feb 19, 2013 2:00am PST
professor may learn how bad the economy really is after forcing the students to promise to vote for obama. plus mindy mccready's ex tells how her tragic death could have been avoided. after 1945 u.s. marines invade. >> welcome back to fox and friends first. it is now half past the hour a fox news abelert to bring you ts morning. live video of oscar piss tor pi ry. >> this is what i can tell you looking grim and solemn the judge charging oscar with a pre-meditated murder of his model girlfriend on valentine's day. he sobd uncontrollably in the courtroom as they describe yhow he killed reeva steenkamp. he attached his pros threatic leg before killing steenkamp. she was struck three times in the bathroom. this is video of reeva steenkamp's parents carrying her casket out. it was an emotional and private ceremony today. steenkamp's brother says his family will be remembering his sister for all of the goodness he stood for. >> there is a which ae are goin post the things we remember about my sister and try to continue with the things she tried to make better. >> two of his major sponsors oakle
FOX News
Feb 18, 2013 6:00pm PST
for you. >> and tonight as the american economy burns, i am happy to report that president barack obama successfully completed his 116th round of golf since taking the oath for office and accomplished that that earlier today vacationing in florida on your dime and do so as we speak, more than 12 million americans are looking for work. there are 47 million families dependent on stood stamps, the national debt is a staggering 16 1/2 trillion dollars, 6 of which president obama tacked on by his lonesome. while he's busy working on his golf game, the march sequestration deadline is closer and closer 1.2 trillion in cuts will penalize our pentagon. and the round of golf played one day after our commander-in-chief found time in his busy schedule to hit the links with none other than serial philanderer tiger woods. and the first lady is taking advantage of the tax dollars, on a ski trip in colorado. as far as the outing with president obama and the world famous golfer don't expect to see any video, the white house prohibited from covering the anointed one's activities this weekend. the followi
PBS
Feb 21, 2013 12:00am PST
of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening in other countries. the part that i think we need to understand now is i believe in the strength of america. i think that we have a huge role to play in the world but i don't see why we have to do everything alone and so i very much agree with the approach of having partners where we can, in fact, help in other parts of the world together. that would be my shortest version of what i believe in and that i really do think while i understand the pain of people in this country i think only solution to resolving it is for us to be active internationally with others. >> rose: one question is whether that's what the rest of the world wants. many people come here and say yes, in fact, when they talk to foreign leaders, they do not wan
FOX News
Feb 17, 2013 1:00pm PST
need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>. >> kelly: extreme weather alert. bay state can't catch a break, howling wind and blowing snow battering the massachusetts coast and much of the area is digging out from the massive blizzard there, parts of the cape could see up to a foot of snow. meteorologist maria molina has more details or horrible details for people living there. >> depends how you look at it. we unfortunately are getting much more snow in the northeast especially across portions of new england. state of maine under a blizzard warning, eastern portions of that state you are looking at very from four to six inches of snowfall accumulation and impacting that area right now but also strong winds, gusting up to 50 mile-per-ho
MSNBC
Feb 23, 2013 9:00am PST
with the the sequester. it's hanging over the economy. and you say like the airplane we are flying is going down and we're taking a break to watch the in-flight movie. so what are you talking about? is this sort of a lack of urgency from both sides? because there's no incentive for democrats nor republicans to cut a deal here? >> i am not saying that at all, alex. i'm saying that the house leadership on the republican side, which controls the schedule, controls the calendar, they have every power to bring us back to d.c., to go back to our desks on the floor of the house and work out the problem. with ten days to go before the ridiculous sequester takes place, we don't get called back to washington. instead, we have what we call a district work week scheduled. in other words, people are working on things other than averting this sequester. i think it's ridiculous. i think that even to see the republican house leadership working hardest on blaming president obama for the sequester is foolish. what we have is speaker boehner making posters about president obama trying to call it the obama-quester, sort o
ABC
Feb 19, 2013 7:00am EST
coming from china are having devastating consequences on the u.s. economy. in short, u.s. investigators are accused china of economic espionage, of stealing research and design. this allows them to compete without stealing billions on innovation and product development. if this is true, americans should care because it's costing them countless jobs. they are calling this the biggest transfer of wealth in history. >> we saw one of a cyber pearl harbor. and the white house is preparing to take action. >> reporter: this week, they are announcing plans to help private companies in identifying and mitigating such attacks, george. >>> we're going to go to the white house, where president obama will appear later this morning, to warn against the next budget crisis that's coming fast. automatic spending cuts to hit every government program in just ten days. abc's jon karl has more on what we expect to hear from the president. good morning, jon. he's going to ratchet up the pressure on congress. >> reporter: he sure is. he's trying to shame congress to do something to replace the cuts. and this
FOX News
Feb 20, 2013 3:00am PST
't remember that. >> they are not fair and they will hurt our economy and add hundreds of thousands of americans to the unemployment rolls. >> steve: no wonder he doesn't want to take credit for it. new blame game. >> brian: how much does this woman love president obama. so much so voted them for six times. fox and friends starts now. >>> fox and friends, brian, welcome back. where did you do go and did you miss us? >> first off the chinese hacked my blackberry i can't open up any of my emails. i should have put the back on first. >> steve: see if it works? >> gretchen: i thought that congress' approval waiting went up 15%. all right. in the meantime, as he fixes his blackberry let's get positive to a developing story. stay tuned on to fox and friends report. >> they are charging pre-med dated murder. they found steroids in his home. good morning, amy. >> investigators say they found two boxes of steroids and needles in oscar pistorius' home. a sigh, a real sigh went across the courtroom and then the defense says those were actually herbal remedies. then another explosive moment in
MSNBC
Feb 20, 2013 3:00am PST
paid more and have the so-called knowledge economy are able to get more. and then this relentless -- and this is the point, we talk a lot about jobs, we don't talk enough about incomes -- this relentless downward pressure on the average worker competing across the globe, not being able to get wage increases. what's happening with unions. we're now talking about the minimum wage and so forth. and so what's also interesting, if you look at the 2011 numbers which came out, you see something -- a slightly different pattern, which is the bottom 99% still going down, down minus 1.3%. they lost another $150 on their average income. but to your point, willie, the top has actually went down a little bit in that year as well. 0.6% for the top 1%, 6.7% for the top 1%. nobody is going to take up a collection for these guys. they have $23 million of average income. but this is probably a function of the fact that the stock market did not have a great year in 2011. >> those charts, those two combined charts, that is a prescription for social dynamite. i mean, the fuse is burning. >> and the fus
Search Results 0 to 49 of about 164 (some duplicates have been removed)